Select the one term that best fits each definition
-Any method of depreciation which records greater depreciation expense in the early years and less depreciation expense in the later years.
A) accelerated depreciation
B) amortization
C) assessed value
D) declining-balance method of depreciation
E) double declining-balance method of depreciation
F) gain
G) gain on plant assets
H) intangible assets
I) loss
J) loss on plant assets
K) personal property
L) plant asset record
M) real property
N) return on investment (ROI)

Question

Quizplus · Accepted Answer

Accelerated depreciation is a method that records higher depreciation expenses in the early years of an asset's life and lower expenses in the later years.

Select the One Term That Best Fits Each Definition